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In order for my brothers to better understand the 123 trading rules and 2b rules, I specially created mind maps and mnemonics to facilitate everyone's understanding
123 Trading Rules Mnemonic
The trend line is clear, and the price is experiencing a pullback (1), which is a preliminary sign of the market.
Subsequent price rise, breaking through the previous high point (2), the trend may continue for a long time.
Then the price retraces, if it does not break the previous high point (3), the opportunity for long positions should be seized.
On the contrary, the trend is downward, and the price has rebounded slightly (1), but it is only a short-term fluctuation.
The price continues to fall, breaking through the previous low point (2), and the bearish force is accumulating.
Subsequently, the price retraced without breaking the previous low point (3), and short positions should not be delayed in entering.
The stop-loss setting is crucial, calculated based on key points, risk control must not be forgotten, and target prices need to be anticipated.
2B Rule Formula
In the uptrend, the price reaches a new high point (B1), indicating a seemingly strong market.
Subsequently, the price reversed and hit a new high point (B2), at this time, beware of false breakout face.
Possible trend reversal, be cautious in adding long positions, wait for confirmation signals to appear.
If in a downtrend, the price creates a new low point (B1), and the downward momentum remains unabated.
After the price rebounds, it hits a new low again (B2), and the risk of a false breakthrough is imminent.
The trend may have changed, the short selling operation needs to be steady, wait for confirmation before taking risks, and then the market rhythm will be better. #市场触底了吗?# #BTC# #百万 $ANLOG Launchpool挖矿进行中#